Macgirl's "Stop Procrastinating and Get on with it" Diary

missymoo81

hey hun well done you on the bingo win!!!!!! fantastic!!

And I know what you mean about mourning your old self, but think how much more at peace and happy your new self is knowing that you're doing something about your debts! so without sounding like some cheesy self help book... embrace your new self, it's the best you've ever been!! (can you tell I have to tell myself these things to get through the day!!!!)

Have a fabby day

x

macgirl

Bring on the Self-Help cheese I say!!!
I could give Bridget Jones herself a run for her money in that department (come to think of it - that could be a nice little earner if I sold them on Amazon...)

Yes, I do feel much better and oddly now I'm not overspending, my hunger for over-eating has reduced too. Much better to be in control and calm (and hopefully super-slim)

BEAT_THE_DEBT

Hi Mac girl i know wat you mean about ppi cover and i feel the same as you it just scares me into not spending and paying debt off!
I do agree thatyou change i am a totaly different person now but you have to become a bit selfish!!:rolleyes:

hypno06

I've never gone for ppi either - but I did make sure I always had sufficient joint life cover so that if the worst happened to either of us, the payout would cover the mortgage AND all the debts too, meaning that the survivor would at least not have to worry about finances..

My experience is that PPI has so many boundaries anyway, that if I needed to claim, I would probably not qualify anyway, so therefore not worth the payment.

How about getting a quote for ppi, then put the monthly equivalent into a savings account? Then, if you need it, you have a small stash of savings to see you through a period of illness/unemployment, but if you don't need it, you have some real savings to then pay a chunk of the debt later, or to treat yourself to a holiday at the end of it all!

BEAT_THE_DEBT

I think Hypno's idea is fab.x

se999

hypno06 wrote: »

I've never gone for ppi either - but I did make sure I always had sufficient joint life cover so that if the worst happened to either of us, the payout would cover the mortgage AND all the debts too, meaning that the survivor would at least not have to worry about finances..

My experience is that PPI has so many boundaries anyway, that if I needed to claim, I would probably not qualify anyway, so therefore not worth the payment.

How about getting a quote for ppi, then put the monthly equivalent into a savings account? Then, if you need it, you have a small stash of savings to see you through a period of illness/unemployment, but if you don't need it, you have some real savings to then pay a chunk of the debt later, or to treat yourself to a holiday at the end of it all!

We do a similar thing for warranties, so other than laptops (which are a bit tempramental and easily damaged) we never take out extra warranties, we just budget a set amount each month for 'repairs & renewals'.

missymoo81

oooh likeing the ppi idea hypno

macgirl

hypno06 wrote: »

I've never gone for ppi either - but I did make sure I always had sufficient joint life cover so that if the worst happened to either of us, the payout would cover the mortgage AND all the debts too, meaning that the survivor would at least not have to worry about finances..

My experience is that PPI has so many boundaries anyway, that if I needed to claim, I would probably not qualify anyway, so therefore not worth the payment.

How about getting a quote for ppi, then put the monthly equivalent into a savings account? Then, if you need it, you have a small stash of savings to see you through a period of illness/unemployment, but if you don't need it, you have some real savings to then pay a chunk of the debt later, or to treat yourself to a holiday at the end of it all!

Yes, that is a good idea - hypno - you are wasted in stockbrokering (if that's correct term:p)
You should defo buy that house with the holiday lets and re-invent yourself as a Life Coach / IFA!!! Your debt would be paid within a year - mortgage included!

Joint Life Cover we have and mortgage progtection, so that's fine.

But - what about other horrible things which are not death, but stop you working and therefore stop the cash?
I'm with you, I think you pay for the insurance, then there are soooo many clauses, that I'm doubtful they'd pay out.

However, I'm going to be positive and not dwell on the dark side of what might be, but will definitely start putting cash aside as I don't have any rainy day savings.
Well, I don't have any savings full stop!

hypno06

I took out an ISA (through quidco of course!) and put £50 a month aside - it just does its own thing and I never look at it, thereby not tempting myself into spending it on other things.....it just comes out of the bank account each month like any other bill and it is slowly building up to be an emergency fund.....

It is the first time we have had savings, for many many years, and although it is still only a small amount, it makes me feel as though I am doing the right thing in starting to look at the bigger picture, whilst still being sensible!

macgirl

Ah Quidco - yes good thinking once again, will do it now